Grandjoy adjusts "23 Grandjoy 01" bond coupon rate to 2.21%

Grandjoy Holdings Group Co., Ltd. announced an indicative adjustment to the coupon rate for its “23 Grandjoy 01” bonds for the remaining two years of their five-year term. The new coupon rate will be 2.21%, a decrease from the initial 3.97%.

Investors holding the "23 Grandjoy 01" bonds have a put option, allowing them to sell all or part of their bonds back to the issuer at a price of RMB 100 per bond, excluding interest. The put option registration period is scheduled from December 4, 2025, to December 8, 2025 (trading days only).

The payment for repurchased bonds will be disbursed on January 19, 2026. Bonds tendered for put will accrue interest at 3.97% from January 19, 2025, to January 18, 2026. Investors who do not register for the put option will be deemed to continue holding the bonds under the new 2.21% coupon rate.